News

To open long positions on the GBP / USD pair, you need: The formation of the divergence, which I drew attention to in my morning review, led to a return in demand for the British pound and consolidating above 1.2950 support, which may strengthen the upward correction in the afternoon. The main objective of the…

On Wednesday, February 6, the head of the Reserve Bank of Australia, Philip Lowe, made an unexpectedly mild speech, while investors were awaiting statements about raising interest rates. This caused the sale of the Australian currency. In a speech titled “Next Chapter,” he pointed out that the increase in interest rates of the US Federal…

Weak demand from abroad unexpectedly reduced the volume of industrial orders in Germany, this is another sign that exporters in Europe’s largest economy are suffering from a slowdown in the global economy and growth in the number of trade barriers. Contracts for goods produced in Germany declined by 1.6% in December, the overall decline was…

Governor Lowe’s statement to accompany the RBA decision today is on the left of screen His statement for the previous meeting in December is on the right (click on the image to make this bigger and easier to read).

Share this:

The Reserve Bank of Australia left the cash rate at 1.5%, an announcement that was expected by every analyst surveyed by Bloomberg And by ForexLive. But … check out the response of the Australian dollar, marked up towards 0.7250 from circa 0.7210 just prior to the announcement. Musta been a few shorts about I guess…

In their policy announcement the Reserve Bank of Australia dialled back their expectations for GDP growth to a still too optimistic (IMO) 3% And they fudged on their inflation expectations again … they’ve been missing for 3 years already, what’s more years missed, right guys? I think anyone who had a job with only two…

Share this:

Cleveland Federal Reserve President Loretta Mester post from earlier: Reuters have a bit more detail on Mester’s comments up now, link is here. Mester has tended to lean toward the hawkish side but has tempered her views in the face of incoming data.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. This website is neither a solicitation nor an offer to Buy or Sell currencies, futures, or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.